Skip to content
General Landlording & Rental Properties

User Stats

8
Posts
3
Votes
J Greenspan
3
Votes |
8
Posts

How to handle a Lease Extension?

J Greenspan
Posted Jan 17 2020, 13:05

Hello everyone,

I know this is probably a dumb question (sorry in advance), but how does it work if I used a RE/MAX real estate agent to find a tenant/prepare the original lease, and now the tenant wants to extend the current lease? Do I have to do so using the same real estate agent since the lease is technically "owned" by RE/MAX? I found a lease extension form online but it specifically states: "Use of this form by persons who are not members of the Texas Association of Realtors is not authorized" (of which I am not). If possible, I would prefer to not have to pay commission fees if it's something I can legally handle on my own without the use of a real estate agent.

Thanks!

User Stats

11,471
Posts
13,513
Votes
John Underwood
Pro Member
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
13,513
Votes |
11,471
Posts
John Underwood
Pro Member
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied Jan 17 2020, 13:14

Just type up something saying this serves as an extension to the lease dated xxxx for tenant xxxx at property xxxx for xxx days.

Doesn't have to be anything fancy.

User Stats

6,537
Posts
6,819
Votes
Bjorn Ahlblad
Pro Member
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
6,819
Votes |
6,537
Posts
Bjorn Ahlblad
Pro Member
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
Replied Jan 17 2020, 15:07

Like @John Underwood says just type or even HW something. I will add that it is always best to end extensions in the spring/summer and not fall/winter. You will find tenants more easily spring/summer.

Steadily logo
Steadily
|
Sponsored
America’s best-rated landlord insurance nationwide Quotes online in minutes. Single-family, fix n’ flips, short-term rentals, and more. Great prices.